The S&P BSE Sensex and NSE Nifty 50 Index logged in third straight day of losses led by declines in auto and banking heavyweights.

In intraday deals today, the Sensex fell as much as 315 points from day's highest level.

The S&P BSE Sensex and NSE Nifty 50 Index logged in third straight day of losses led by declines in auto and banking heavyweights like HDFC Bank, State Bank of India, Maruti Suzuki, IndusInd Bank and Yes Bank came under selling pressure. For most part of the day, the S&P BSE Sensex and Nifty 50 indexes traded with a positive bias but erased gains in afternoon trading as losses in private sector lenders and carmakers deepened wiping out entire intraday gains. In intraday deals today, the Sensex fell as much as 315 points from day's highest level and Nifty 50 index touched high of 11,645.95 and low of 11,564.80.

The Sensex ended 0.21 per cent or 80 points lower at 38,565 and NSE Nifty 50 Index dropped 0.16 per cent or 18 points to shut shop at 11,576.